HDFC Asset Management Company logo

HDFC Asset Management Company share price

NSE: HDFCAMCBSE: 541729Capital MarketsLarge Cap

HDFC Asset Management Company Limited · Face value ₹5 · Listed Aug 2018 · Issue price ₹1,100
Last close ₹2,267.70up ₹9.30 (0.41%)BSE ₹2,265.00

Share price at the NSE close on 27 Oct 2026. Previous close ₹2,258.40.

27 Oct: open ₹2,258.40, high ₹2,288.00, low ₹2,242.20

52-week range of traded prices to 27 Oct 2026
₹2,205.60Low, 30 Mar 2026₹2,901.50High, 18 Feb 2026
Market cap
₹97,301 Cr96th largest listed
P/E
32.67
P/B
11.29
Dividend yield
2.38%
ROE
36.4%
ROCE
39.7%
Debt to equity
0.00
Volume, NSE
7,85,99160.1% delivered

HDFC Asset Management Company share price chart

Daily closes since Aug 2018, adjusted for splits and bonuses

−18.4%over a year · Nifty Financial Services Ex-Bank −10.2% · Nifty 500 −8.8%

ResultsSplit, bonus, rights or demerger20-session average 9,29,658 shares a day, 58.4% delivered

About HDFC Asset Management Company

HDFC Asset Management Company Limited is the investment manager of HDFC Mutual Fund, serving investors across India with equity, debt, hybrid and multi-asset schemes, both actively managed and passive (funds that track an index).12 It also runs portfolio management services (PMS, portfolios managed for each client) and alternative investment funds (AIFs, pooled funds for larger investors) for wealthy individuals, family offices, companies, trusts, provident funds and institutions.3

It sells through banks, national distributors, mutual fund distributors and fintech platforms, and through its own digital platforms.4 Its international business runs through HDFC AMC International (IFSC) Limited, a wholly owned subsidiary in GIFT City, India's international financial services centre, which serves global and offshore investors.3 Fund management services made up 99.63% of its turnover in the year to Mar 2026, and revenue from outside India 0.04% of revenue from operations.56

It was incorporated in 1999 and bought the schemes of Zurich Mutual Fund in 2003 and of Morgan Stanley Mutual Fund in 2014.17 Its shares were listed on the BSE and NSE in 2018, and in 2022 it entered the alternatives business and set up its GIFT City subsidiary.78

HDFC Bank Limited is its promoter and held 52.4% of its shares at the end of Mar 2026; the company became part of the HDFC Bank group when HDFC Ltd. merged into the bank on 1 Jul 2023.9 Its chairman is Deepak S. Parekh and its managing director and chief executive officer is Navneet Munot.10

HDFC Asset Management Company key points

Results

  • In the quarter to Sep 2026, on a standalone basis (the company alone, its subsidiary being immaterial), revenue from operations was ₹11,689 million, up 14% from a year earlier, and operating profit (profit before tax less other income) ₹9,069 million, up 16%.1112
  • Profit after tax for the quarter was ₹7,499 million against ₹7,179 million a year earlier, when a ₹468 million reversal of earlier tax provisions had added to profit.1314
  • In the year to Mar 2026, on a standalone basis, revenue from operations rose to ₹4,118.53 crore from ₹3,498.03 crore, operating profit rose 17.80% to ₹3,211.45 crore and profit after tax rose 16.18% to ₹2,859.36 crore.1516

Market position

  • Share of the mutual fund industry's quarterly average assets under management (QAAUM, assets managed averaged over the quarter)1718
    Itemquarter to Sep 2026
    All schemes11.1%
    Actively managed equity-oriented schemes12.7%
    Debt schemes13%
  • At the end of Sep 2026 it had 17.7 million investors, each counted once, against 63.3 million for the industry: 28 of every 100 mutual fund investors in India invest with it.1918

Assets under management

  • Mutual fund QAAUM, ₹ billion202122
    Itemquarter to Sep 2026quarter to Sep 2025
    All schemes9,6918,814
    Equity-oriented6,507–
    of which actively managed6,085–
    Debt1,618–
    Liquid860–
    Equity-oriented schemes were 67.1% of its QAAUM, against 57.5% for the industry.
  • Its PMS managed ₹6,869 billion at the end of Sep 2026, a large part of it the mandate of the Employees' Provident Fund Organisation (EPFO), which has gone live; its AIFs had ₹40 billion of commitments (money investors have agreed to put in).2324
  • In September 2026 it processed 18.9 million systematic transactions (regular instalments through systematic investment and transfer plans) worth ₹48.0 billion; assets in systematic investment plans were ₹2,344 billion at the end of the month.2526
  • On its earnings call of 15 Oct 2026, the company said its GIFT City subsidiary runs 6 funds for global investors investing in India and has launched 2 funds for Indian investors abroad, one for developed and one for emerging markets.27

Fees and margin

  • Yield (fees as a share of assets managed) by fund type, in basis points (hundredths of a percent)28
    Itemquarter to Sep 2026
    Actively managed equity61
    All equity58
    Debtaround 28 to 29
    Liquid13
  • Operating margin was 36 basis points of average assets under management in the quarter to Sep 2026, against 35 in the previous quarter.29

Branches and reach

  • At the end of Sep 2026 it had 280 offices, 196 of them beyond the top 30 cities, more than 113k distribution partners and 32.3 million live accounts, and served about 98% of India's PIN codes.3031
  • Share of total assets under management by channel (Direct: investors who buy from the fund house without a distributor)32
    Itemquarter to Sep 2026
    Direct44.7%
    Mutual fund distributors23.5%
    National distributors22.4%
    HDFC Bank5.0%
    Other banks4.3%
  • In September 2026, individual investors contributed 70% of its monthly average assets under management, against 61% for the industry, and cities beyond the top 30 contributed 20.0%.33

Customers and partners

  • It won fixed income mandates from EPFO and the Seamen's Provident Fund Organisation (SPFO) in the year to Mar 2026.34
  • Its private credit fund announced its first close (first money raised) in the year to Mar 2026, with the International Finance Corporation (IFC) as partner and anchor investor (a large early backer); on 15 Oct 2026 the company said it was working towards final close.3435

What the company expects

  • On its earnings call of 15 Oct 2026, the company said it expects a couple of launches of specialised investment funds (SIFs, a newer mutual fund category for more complex strategies) over the next couple of quarters.36
  • On its earnings call of 15 Oct 2026, the company said it launched the HDFC AMC Select Opportunities Fund, investing in late-stage venture and early-stage growth companies, in the quarter to Sep 2026, and expects its first close in the current quarter.3738
  • On its earnings call of 15 Oct 2026, the company said the non-cash cost of employee stock options for the year to Mar 2027 would be around ₹79 crore to ₹80 crore.39

Recent events

  • Shareholders approved a final dividend of ₹54 per share for the year to Mar 2026 at the annual general meeting of 24 Jun 2026, a payout ratio of 80.91%.4041
  • A cyber-security incident occurred on 16 May 2026; on 29 May 2026 the Bombay High Court granted the company interim relief protecting its confidential data. The company believes, on its assessment, the incident had no material impact on its results to Sep 2026.42
  • Shareholders approved, by postal ballot on 16 Nov 2025, a bonus issue (free extra shares for existing holders) of 1 share for every 1 held.43

Last updated

All 43 sources, each with its page
  1. 1. Investor presentation, 15 Oct 2026, page 41
  2. 2. Annual report, 1 Jun 2026, page 22
  3. 3. Annual report, 1 Jun 2026, page 72
  4. 4. Annual report, 1 Jun 2026, page 33
  5. 5. Annual report, 1 Jun 2026, page 107
  6. 6. Annual report, 1 Jun 2026, page 108
  7. 7. Annual report, 1 Jun 2026, page 20
  8. 8. Annual report, 1 Jun 2026, page 21
  9. 9. Annual report, 1 Jun 2026, page 19
  10. 10. Annual report, 1 Jun 2026, page 253
  11. 11. Investor presentation, 15 Oct 2026, page 38
  12. 12. Investor presentation, 15 Oct 2026, page 31
  13. 13. Investor presentation, 15 Oct 2026, page 40
  14. 14. Investor presentation, 15 Oct 2026, page 30
  15. 15. Annual report, 1 Jun 2026, page 73
  16. 16. Annual report, 1 Jun 2026, page 72
  17. 17. Investor presentation, 15 Oct 2026, page 38
  18. 18. Earnings call, 15 Oct 2026, page 4
  19. 19. Investor presentation, 15 Oct 2026, page 39
  20. 20. Investor presentation, 15 Oct 2026, page 39
  21. 21. Investor presentation, 15 Oct 2026, page 3
  22. 22. Earnings call, 15 Oct 2026, page 4
  23. 23. Investor presentation, 15 Oct 2026, page 22
  24. 24. Earnings call, 15 Oct 2026, page 6
  25. 25. Investor presentation, 15 Oct 2026, page 39
  26. 26. Investor presentation, 15 Oct 2026, page 18
  27. 27. Earnings call, 15 Oct 2026, page 17
  28. 28. Earnings call, 15 Oct 2026, page 5
  29. 29. Investor presentation, 15 Oct 2026, page 32
  30. 30. Investor presentation, 15 Oct 2026, page 20
  31. 31. Investor presentation, 15 Oct 2026, page 39
  32. 32. Investor presentation, 15 Oct 2026, page 19
  33. 33. Investor presentation, 15 Oct 2026, page 39
  34. 34. Annual report, 1 Jun 2026, page 72
  35. 35. Earnings call, 15 Oct 2026, page 22
  36. 36. Earnings call, 15 Oct 2026, page 12
  37. 37. Earnings call, 15 Oct 2026, page 4
  38. 38. Earnings call, 15 Oct 2026, page 6
  39. 39. Earnings call, 15 Oct 2026, page 20
  40. 40. Investor presentation, 15 Oct 2026, page 35
  41. 41. Annual report, 1 Jun 2026, page 86
  42. 42. Investor presentation, 15 Oct 2026, page 31
  43. 43. Annual report, 1 Jun 2026, page 87

Results

Standalone, as consolidated accounts are on record for only 4 of the last ten years; ₹ crore.HDFC Asset Management Company quarterly results

Revenue growth, 12 months
+14.7%
Net profit growth, 12 months
+8.5%

Quarter to Sep 2026, against the quarter before

Revenue
₹1,169 Crup 6.41%
Net profit
₹750 Crdown 10.56%
Net margin
64.1%

Revenue by quarter

₹934 CrDec 24₹901 CrMar 25₹968 CrJun 25₹1,026 CrSep 25₹1,074 CrDec 25₹1,050 CrMar 26₹1,099 CrJun 26₹1,169 CrSep 26
Peak revenue ₹1,169 Cr, quarter to Sep 2026; lowest ₹901 Cr, quarter to Mar 2025

Net profit by quarter, a loss in red

₹641 CrDec 24₹639 CrMar 25₹748 CrJun 25₹718 CrSep 25₹770 CrDec 25₹623 CrMar 26₹838 CrJun 26₹750 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue9349019681,0261,0741,0501,0991,169
Net profit641639748718770623838750
Net margin68.7%70.9%77.3%70.0%71.7%59.3%76.3%64.1%
Standalone. The last eight quarters. The latest is shaded.

Business segments

In the year to Mar 2026 the company reports one business segment, ASSET MANAGEMENT SERVICES, which carries all its revenue.

Valuation

Today, against the company's own history.HDFC Asset Management Company PE ratio and valuation

Price to earnings

At or below today's level on 15% of 1,803 trading days since Jul 2019.

LowestHighest
Its median40.85Industry median31.54
Price to book

At or below today's level on 32% of 1,967 trading days since Nov 2018.

LowestHighest
Its median12.55Industry median5.75
Dividend yield

At or below today's level on 98% of 2,016 trading days since Aug 2018.

LowestHighest
Its median1.54%Industry median2.89%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+12.9%+16.0%−4.8%2.4%
3 years+39.6%+26.0%+9.0%2.1%
5 years+11.0%+16.5%−6.7%2.2%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.HDFC Asset Management Company shareholding pattern

Shareholding by group

  • Promoters52.29%
  • Foreign institutions24.07%
  • Indian institutions14.57%
  • Individuals and others9.06%
Holder
HDFC BANK LIMITEDPromoter52.29%
NPS TRUST A/CProvident and pension funds2.90%
GOVERNMENT PENSION FUND GLOBALForeign portfolio investors, category I1.66%
ZULIA INVESTMENTS PTE. LTD.Foreign portfolio investors, category I1.19%
JPMORGAN EMERGING MARKETS EQUITY FUNDForeign portfolio investors, category I1.14%
SMALLCAP WORLD FUND, INCForeign portfolio investors, category I1.06%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters −0.05 pts, foreign institutions −0.03 pts, Indian institutions −0.19 pts, mutual funds −0.25 pts.

Mutual fund holdings

250 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 133 of the 164 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.All 250 funds holding HDFC Asset Management Company

Bought for the first time
2
Bought again
4
Added
107
Cut
57
Held unchanged
78
Sold out
12
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 28 Oct 2025.HDFC Asset Management Company insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Promoters and promoter group: no market trade · 40 pledge filings of unclear kind
  • Others: no market trade · 19 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

HDFC Asset Management Company competitors and peers

Asset Management Company, 10 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to HDFC Asset Management Company in market cap.Finance companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
ICICI Prudential Asset Management Company logoICICI Prudential Asset Management CompanyICICIAMC1,38,37839.1525.91––66.2%85.0%2.04%
SBI Funds ManagementSBIFUNDS93,368–12.35––––0.00%
Nippon Life India Asset Management logoNippon Life India Asset ManagementNAM-INDIA60,35637.3312.65+24.3%+21.1%35.3%41.4%2.28%
Aditya Birla Sun Life AMC logoAditya Birla Sun Life AMCABSLAMC25,42325.766.55+5.6%+1.7%26.5%26.6%2.90%
UTI Asset Management Company logoUTI Asset Management CompanyUTIAMC10,41021.672.36+8.3%−18.3%10.9%18.4%4.94%
Canara Robeco Asset Management Company logoCanara Robeco Asset Management CompanyCRAMC4,13818.084.95––30.2%32.6%2.89%
Gaja Alternative Asset Management logoGaja Alternative Asset ManagementGAJA1,784––––––0.59%
Shriram Asset Management Co.Ltd. logoShriram Asset Management Co.Ltd.SRAMSET441–2.89+56.5%–−22.7%−15.9%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.HDFC Asset Management Company dividend history

Dividend per share, ₹, restated for later splits and bonuses

12Mar 1914Mar 2017Mar 2121Mar 2224Mar 23Mar 2480Mar 2554Mar 26
Highest ₹80.00 a share, year to Mar 2025.
Ex-dateTypePer share
5 Jun 2026Final₹54.00
6 Jun 2025Final₹90.00
18 Jun 2024Interim₹70.00
9 Jun 2023Final₹48.00
9 Jun 2022Final₹42.00
29 Jun 2021Final₹34.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.HDFC Asset Management Company announcements

HDFC Asset Management Company share price by year

Each calendar year to 2025.HDFC Asset Management Company share price history

YearClose at year endChangeHighest closeLowest close
20252,672.20+27.3%2,946.001,814.15
20242,099.53+31.0%2,413.951,610.65
20231,602.50+46.9%1,610.75836.43
20221,090.75−10.8%1,259.13851.18
20211,223.05−16.2%1,657.601,156.80
20201,459.00−8.8%1,691.901,013.08
20191,599.85+112.6%1,884.88655.70
2018752.48–971.00634.45
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2018 is from its first session, 6 Aug 2018.

Recent sessions

The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
26 Oct 20262,242.102,273.402,216.102,258.402,251.945,67,25248.3%
23 Oct 20262,285.002,300.002,215.602,250.002,235.4711,01,31455.3%
22 Oct 20262,308.002,308.002,258.002,273.202,280.9111,40,14457.7%
21 Oct 20262,364.502,374.302,284.802,311.402,313.015,51,95565.6%
19 Oct 20262,374.002,418.902,342.702,349.202,373.475,03,54151.8%
16 Oct 20262,424.202,458.702,378.002,398.602,410.4213,21,49752.6%
15 Oct 20262,296.902,424.902,277.702,415.002,373.3614,99,52443.9%
14 Oct 20262,325.002,335.402,276.202,296.902,301.116,57,32259.0%
13 Oct 20262,285.002,334.702,266.502,330.002,311.407,16,39852.0%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus share history

Ex-dateEventPrice factorWhat happened
26 Nov 2025Bonus0.5000Holders received 1 bonus share for every 1 held.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson
Deepak Shantilal Parekh
At the end of the quarter to Sep 2026
Managing director and CEO
Navneet Munot
At the end of the quarter to Sep 2026
NSE symbol
HDFCAMC
BSE code
541729
ISIN
INE127D01025
Industry
Capital Markets
CIN
L65991MH1999PLC123027
Corporate identity number, the registrar of companies' code for it
Incorporated
1999
Registered office
165-166, HDFC House, 2nd Floor, H.T. Parekh Marg, Backbay Reclamation, Churchgate, Mumbai 400020, Maharashtra
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments